"Shares in Nokia plunged 17% after the mobile phone giant surprised investors by saying it expected to make losses in the first half of 2012. The Finnish company said competition in the industry had led to lower sales particularly in India, the Middle East, Africa and China. Nokia had previously expected to break even in the first quarter." And just when you thought it couldn't get any worse, the Lumia 900 is suffering from a software flaw, and the company has started offering $100 in compensation. Not a good start for such an important flagship device.

So Nokia you burned your linux platform. You stopped developing symbian and stopped using QT. You put all your eggs in a huge company that doesn't need you and hasn't been successful on mobile since the N770.

It is only a matter of time until you get bought by MS and disappear in a puff of C#.

Except they are still not at the point in the Symbian roadmap where it goes away, new versions and new phones on the Symbian line are still coming quickly. As it happens the whole reason why profits collapsed is that Symbian is getting killed in the market by low-end Android, both when it comes to raw units shipped and in profit-margins. You can argue that Meego would have swooped in and saved the company but this seems pretty dubious, the N9 numbers are good, but not that good.

They killed it by self defeating prophecy. The CEO publicly said Symbian sucks and was on the way out. They make new models, they improve it but they ask people not to buy it.
I have Symbian Belle and it is competitive. It compares well with Android graphically speaking and has more feature than any other major OS.
Nokia is worse than Commodore was. Commodore was clueless. Nokia makes great tech but its management want their company to fail. They try very hard to kill the company as fast as they can. They have a clue and they know exactly what to do to kill Nokia. This is worse than incompetent management that Commodore had.